NTG Nordic Stock Forecast - Simple Regression

NTG Stock  DKK 280.00  4.50  1.58%   
The Simple Regression forecasted value of NTG Nordic Transport on the next trading day is expected to be 270.38 with a mean absolute deviation of  10.43  and the sum of the absolute errors of 646.61. NTG Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NTG Nordic stock prices and determine the direction of NTG Nordic Transport's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NTG Nordic's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of NTG Nordic to cross-verify your projections.
  
Most investors in NTG Nordic cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the NTG Nordic's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets NTG Nordic's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through NTG Nordic price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

NTG Nordic Simple Regression Price Forecast For the 29th of March

Given 90 days horizon, the Simple Regression forecasted value of NTG Nordic Transport on the next trading day is expected to be 270.38 with a mean absolute deviation of 10.43, mean absolute percentage error of 145.81, and the sum of the absolute errors of 646.61.
Please note that although there have been many attempts to predict NTG Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that NTG Nordic's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

NTG Nordic Stock Forecast Pattern

Backtest NTG NordicNTG Nordic Price PredictionBuy or Sell Advice 

NTG Nordic Forecasted Value

In the context of forecasting NTG Nordic's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. NTG Nordic's downside and upside margins for the forecasting period are 268.02 and 272.74, respectively. We have considered NTG Nordic's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
280.00
268.02
Downside
270.38
Expected Value
272.74
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of NTG Nordic stock data series using in forecasting. Note that when a statistical model is used to represent NTG Nordic stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria124.9307
BiasArithmetic mean of the errors None
MADMean absolute deviation10.4292
MAPEMean absolute percentage error0.0368
SAESum of the absolute errors646.6098
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as NTG Nordic Transport historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for NTG Nordic

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NTG Nordic Transport. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NTG Nordic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
277.64280.00282.36
Details
Intrinsic
Valuation
LowRealHigh
232.94235.30308.00
Details
Bollinger
Band Projection (param)
LowMiddleHigh
278.76282.50286.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NTG Nordic. Your research has to be compared to or analyzed against NTG Nordic's peers to derive any actionable benefits. When done correctly, NTG Nordic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NTG Nordic Transport.

Other Forecasting Options for NTG Nordic

For every potential investor in NTG, whether a beginner or expert, NTG Nordic's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NTG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NTG. Basic forecasting techniques help filter out the noise by identifying NTG Nordic's price trends.

NTG Nordic Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NTG Nordic stock to make a market-neutral strategy. Peer analysis of NTG Nordic could also be used in its relative valuation, which is a method of valuing NTG Nordic by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

NTG Nordic Transport Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of NTG Nordic's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of NTG Nordic's current price.

NTG Nordic Market Strength Events

Market strength indicators help investors to evaluate how NTG Nordic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NTG Nordic shares will generate the highest return on investment. By undertsting and applying NTG Nordic stock market strength indicators, traders can identify NTG Nordic Transport entry and exit signals to maximize returns.

NTG Nordic Risk Indicators

The analysis of NTG Nordic's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in NTG Nordic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ntg stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NTG Nordic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NTG Nordic's short interest history, or implied volatility extrapolated from NTG Nordic options trading.

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Check out Historical Fundamental Analysis of NTG Nordic to cross-verify your projections.
Note that the NTG Nordic Transport information on this page should be used as a complementary analysis to other NTG Nordic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running NTG Nordic's price analysis, check to measure NTG Nordic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NTG Nordic is operating at the current time. Most of NTG Nordic's value examination focuses on studying past and present price action to predict the probability of NTG Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NTG Nordic's price. Additionally, you may evaluate how the addition of NTG Nordic to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between NTG Nordic's value and its price as these two are different measures arrived at by different means. Investors typically determine if NTG Nordic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NTG Nordic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.